About your Search

20130101
20130131
STATION
CNBC 90
LANGUAGE
English 90
Search Results 0 to 49 of about 90
stronger than expected. it rose in january, current conditions 108 versus the expectations of 107. euro/dollar is about 1% higher on the back of that news. the ifo institute, current conditions, 108. headline index, 104.2 versus 103. ross, what do you make of it? >> well, you can see what's going on with the euro there, 134. let's get more from finland. good to see you, alex. thanks indeed for joining us. the defense here that we're no longer in crisis fighting mode, the question as we look at data in germany, the question is whether we've made a fundamental turn, a fundamental change and whether things are temporary. >> i certainly hope we've made a fundamental turn. if this crisis is 100 steps, i'd say we are about 60 steps down the road. now, really, we have the fundamental institutional things in place. so that has calmed down the markets. what we now need is political stability. i think the italian election is one thing and the second thing we need in europe more than anything else is -- >> yeah. we thought stabilizing the crisis in terms of the bond spreads playing out was hard. g
the european politicians and believing in the euro project, are you? >> well, i was. breaking up, wouldn't be here -- >> you're going to tell me that you're convicted on the aussie/dollar. >> no, i'm not convicted. i'm admitting that i've been wrong. we think aussie is terribly overvalued and that's the problem, frankly. >> good to have you on. plenty more to come from you. the ecb is going to keep its interest rates at a record low today. that's what we expect, anyway. the markets will be listening to the delivery tone of mario draghi's delivery. silvia wadhwa is back at her delivery post. 2013 [ speaking foreign language ]. >> everything is going to stay the same. the ecb hasn't got anything to do right now. they've pretty much said everything on track, probably the best, cheapest intervention they had so far was the program. every month announced again. we stand ready to act, but so far they haven't had to do anything because nobody has asked for an omt program yet. but the market believes that the ecb is there as the backstop. so far, that was very successful. in terms of anything el
of the most indebted regions asking madrid for more than nine million euros. >>> roche strides lower after posting solid earnings on strong sales of its cancer medicine. analysts warn about the loss of exclusive rights to a key chemotherapy drug. >>> game over for super mario and friend to turn a profit. nintendo unexpectedly swings to its full-year forecast to a loss showing a poor uptake for its wii u consoles. >>> see you in september. australia's prime minister sets a surprise election date saying it will create certainty for business. >>> okay. welcome to today's program. and you know, we spent all that time waiting for five. today it's about the ten. >> how long did it take you to come up with that? >> about ten seconds ago. >> very good. we're talking about mobile phones. >> yeah. >> do you think people can guess we're talking about the iphone 5. you're waiting for 5. >> you'll about the 10, ladies and gentlemen, blackberry 10. is it the rim lazarus move? >> we saw stocks get whacked yesterday. >>> in corporate news, a couple of things to keep an eye on in markets. the italian oil c
. the german euro booked a 1 million litigation charge which led to restructuring. in an analyst call, it was said the group does not need to issue more sales but left the door open for the cocoa bonds to comply with u.s. regulations. >> meanwhile, santander shares are trading lower after the net profit more than halved to 2.2 billion euros in 2012, hurt by write-downs on property asset necessary spain and a slowdown in latin america. santander says it's returning more than 24 billion worth of ltr loans having taken 35 billion in ultra cheap etr funding. shares down about 2.5%. there's stephane pedrazzi now joins us from madrid. stephane, what's the reaction? >> we've seen a limited market reaction at the open. it's now trading 2.5% lower. the numbers were below expectations. the net profits were the weakest for the last 13 years. 2.21 billion euros. the contends of reuters was at 2.5 billion. there were some massive provisions last year. it's not a big surprise. 18.8 billion euros in total to cover potential losses on the property portfolio. santander says it has completed now its pr
/dollar, 11.6236. euro/dollar, 1.3166. kind of where we were yesterday. asian markets in china and japan will be catching up on news on the u.s. fiscal cliff deal. we'll get december sales figures from japan's retailing. the owner of stores are set to release its q1 earnings today. samsung electronics is expected to post its q4 earnings guidance. that's all on the agenda in asia. but what investors are to do with what we've got so far this year? joining us now, nicholas. these are the classic risk off day yesterday. how do you categorize it and what it means for -- >> well, i mean, obviously, you know, i think it's important to be clear that this was a rally not based -- based not on what the deal did, but what the deal undid. clearly, the good news is that the u.s. americansfully avoided an even bigger fiscal issue. but, you know, i think clearly it shows how low we've actually sunk in the realm of investors expectations when the markets are actually rallying on essentially muddling through. and this is a well trodden path. it's a fairly familiar tale. and we've obviously seen it in the
euros in debt. the treasury's funding this year is being outlined in madrid as we speak. as we get details on that, we'll absolutely bring them to you. we're talking about nations showing up and saying, give us the help. but spain hasn't even had to go that far. >> the spanish base can get some of on their money if they declare official emergencies. what they're trying to do is to avoid saying we really need the help, we're in trouble. all these countries, as the situation continues, it's clear they won't appear to be the only ones to call the situation off. and the spanish are aware of the fact that everyone else is aware of. we can deal with these countries. spain itself is a significantly different issue. this is a european problem, a potentially fatal one, but one that the spanish isn't really up to. >> can we still get beyond the german elections before there is any activation of the omc? >> we're talking about -- >> or can we go everywhere? >> the issue with the omt, if you're a central banker's performance, it's all these acronyms and different names. it's worth bearing in m
. euro/dollar, we've traded between 1.30, 1.50, 1.32 the last couple of weeks. that's where we stand in europe. we have the latest out of asia. >>> thank you. a mixed day of trade finish asian borses. the nikkei snapped a two-day losing streak ending .7% higher. talk as the boj set to ease its monetary policy this month by boosting its asset purchase program. after a brief pause yesterday the yen weakened against the u.s. dollar again today fueling automakers and other exporter stocks. >>> elsewhere, the shanghai finished flat as investors remained cautious ahead of trade and cip data due out. reports that more property curves will be made itted to tame rising housing prices. agricultural stocks surged on expectations that beijing's urban growth plan will support food production. in hong kong, the hang seng rebounded half a percent from the lowest level in the week. mainly banks gained momentum after ubs upgraded icbc. concerns over q4 earnings sent the kospi lower by .3%. the fifth straight day of losses for south korean shares. i.t. stocks and development ralliers pushed higher .4%
markets in europe. perhaps we're seeing a special case of that in europe. >> do you expect the euro to remain weak for the rest of the year? >> i expect the eurozone crisis to remain weak. people will look carefully at special situations across europe. >> and best performer of 2013? >> it's impossible to tell. let's say the whole of the market. >> very diplomatic answer there. david simple sop, thank you very much for coming by. some hopeful signs there. straight ahead on the program, talking of hopeful signs, our next guest is at u.s. oil production not seen since the 50s. what does it mean? we'll explore that when we come back. . >>> welcome back to "worldwide exchange." these are your headlines. the bank of japan steps up its easing agenda under heavy government pressure, doubling its inflation target and promising open ended qe starting next year. >>> president obama lays out a vision for his second term in his innagul address. >>> and this is the face of the new mr. euro. earlier, we had a nine to one ratio of decliner toes advancers.inaugural. earlier, we had a nine to one rat
this morning been up to 89.35. euro/yen higher, stipulating around the 118 mark, as well. euro/dollar had big moves yesterday, posting with the spanish auction mr. draghi and the ecb coming out saying it was unanimous about no interest rate cuts whereas in the previous month there had been some discussion about that. euro/dollar, 11.3260. let's bring you up to speed with the asian trading session today as they wrap up the week. li sixuan joins us for the first time today. >> thanks, ross. japan was a clear outperformer after shinzo abe unveiled his massive stimulus plan. and the nikkei gained 1.4% today. just to put it into context, this index is up for the ninth straight week, its longest winning streak since late 1988. shares of stocks surged to nearly 5% after the operator of clothing chain unicore raised its full year guidance. but hotter than expected cpi data from china put new pressure on the shanghai deposit. there will be more curbs to taint housing prices. meanwhile, weakness in china's blue chips dropped the hang seng lower. but hsbc did lend some support after the bank said yester
've been up to 89.67. euro/yen, up if you recall, 1119.34 is where we stand at the moment. euro/dollar, 11.335 55, holding on to the gains that we have seen on that particular cross rates. we have industrial production coming out in under an hour's time. that's where we trade right in and out in europe. let bring you the first update of the day from asia. li sixuan is out of singapore. >> hi. thank you, ross. asian markets mostly in the green today. and the outperformer is still china's shanghai composite hitting a seven-month high. this after security regulators said beijing can't miss the quota for investment markets. if you recall, late last week, a top official tr china's signal said growth could come in at 7.7. surpassing beijing's target of 7.5%. sen second mainland stocks finished with .64%. over 15% after profit warnings. and the market is out of action today celebrating the coming of age day. mon tar policy does have an impact on the yen today. the japanese currency soft.ed to a the 1/2 year low against the greenback. we'll see how that market reacts when it comes back online tomo
. >> good to see you today. this survey up to multi month high necessary all four of the largest euro area countries, just in the rate of decline, easing in france, easing in spain, situation stabilizing in germany. what does that mean for investors? >> we get two flashes, we get the flash and the final. so not only are we getting an indication of the progression month to month, but we're getting this sort of update. so the market feels they have momentum. since july, really, it's the commitment from mario draghi to do whatever it takes to save the eurozone. the uncertainty that dominated the fist part of 2012 was all about what happens if the currency situation collapses. i think this positive momentum that we've begun to see in all the major indices, which is when i will they're showing below 50, this shows confidence is returning in both the manufacturing and services sector across the larger economy. it's telling us that the directional bias is the more positive one. people are committing further out in terms of their own anticipation expectations. so the detail, if you dig down into i
yielding 1.5%. as far as currency markets, the euro/dollar at 1.3277. couldn't sustain it over 1.34. some comments saying the euro exchange rate is dangerously high. stepping down, as head of the euro group. they'll decide the success on january 21. dollar/yen, 87.88. and aussie dollar is over 1.0540. we'll bring you up to date with events in asia. we have more from singapore. >> sure, thank you. those asian markets finished in the red. the nikkei suffered its worst daily showing in eight months despite upbeat machinery orders data for november. a rebound in the yen fueled profit-taking in exporters. shares of al nippon airways slipped 1.6% today. and some boeing suppliers such as the battery maker gu uasa tumbled. the shanghai composite pulled back .7% after hitting a 7.5-month high yesterday. developers continued to lose ground after strong gains since q4 last year. this despite talk of delaying the property tax reform due to insufficient planning and law making. >>> in hong kong all eyes on the chief executive's maiden policy speech with a focus on measures to tackle the housing crisis
news, we'll get to that. reaction to the economics in the euro, as you were. >> a reminder, europe can be somewhat close to zero this year, output same as last year, maybe down if we get a decent follow in from the states, maybe clawing back to zero. with the gap between the two, the divergence is the greatest that i've seen since the start of the euro in the '90s. so this is not improving. >> economic divergence is great. market performance is something entirely different. >> yeah. money has to go somewhere. investors, investors around the world are looking for yield. the u.s. investors are looking for yield most of all. they sell the dollar, they buy stuff with yield. this morning, if -- if italian government debt has more yield than other things, then apparently that's just the job. so the euro is likely to go up to 1.34 against the dollar in this move. dollar/yen higher, equities higher. a risk on morning without anybody overthinking it. >> exactly. with the yields being slightly lower than they were this morning as part of that move. the house of representatives passing a bill lat
higher on the bund yields. sannish yields back over the 5% mark. on the currency markets, euro/dollar is at 1.3361. dollar/yen pulling away from its nine-month highs at 88.70th at the moment, as well. that's where we stand in europe. sixuan has more for us from singapore in the asian session. >> sure. thank you, ross. asian markets were a bit of a mixed bag. the shanghai composite gained .6% after yesterday's 3% job. since then, numbers were boosted by china's top security official who said beijing could lift the quota for investors to invest in the mainland markets by as much as nine times. environmental stocks surged. aerospace stock took off on an upbeat industry outlook. the hang seng finished marginally in the red. oil majors and telcos were the market laggers. persisting weakness in the yen boosted exporters. meanwhile, in technology shares wait on south korea kospi ending lower with 1.2%. in australia, the asx 200 ended just a touch below the line. miners were weaker. more on that from our guest later in the show. back to you, ross. >> thanks for that, swish won. catch y
. on the currency markets, a bit on profit taking setting in there. we're now at 97.69. euro/dollar, we hit just below 1.30 on friday. we keep our eyes on those markets. meanwhile, the italian legend could be set for another twist after sylvia berlusconi's party announced it was close to announcing an alliance with the northern league which would mean that democrats let by pasani would be denied a majority of the senate and that would force them to make their own alliance. this after the weekend suggests monti would come third in the election with up to 15% of the vote. let's move back down to the desk and continue our discussion. we saw the declining yields since berlusconi left. well over 8%, actually. and now we're just at over 4%. how much is the fact that we may get an undecided election, what will that do for sentiment around italy? >> i agree that the risks to the rally we've seen in italian income. i think the biggest risks in the short-term are political risks. in the end, i think the election situation in italy is staying pretty much as we expected. we expect any party would achieve an
% of those surveyed would prefer the uk to leave the euro. >> i should have said leave the european union. britain can't leave that monetary issue. we'll have plenty more on the relationship between britain and europe. for now, we can look at the relationship with markets. the euro stoxx 6700 is down about 0.4% today. not a done of differentiation. the biggest gainer, interestingly, is monti paschi. some of the airlines are struggling, too, on the back of ryan air's results. now take a look at what's happening across the bourses. we're seeing somewhat again of a trading pattern here after the last several trading sessions where it's not consistent. we'll get those up for you just as soon as we can. today, it's down pretty much across the board. the ibex shedding 0.12%. the cac 400.15% the. the xetra dax is also down 0.1%. the ftse 1100, same thing. pretty consistent story across these indexes here. it's a big week for earnings, too. in the meantime, let's take a look at the bond wall. it's been interesting, actually, to see the lack of action, lack of attention markets have been paying he
. >> japan is facing a $255 million euro loss for philips. >>> cutting a key interest rate by 25 basis point is the bank of india. >>> and the boj is keeping tune rate until there's a significant drop in unloimt. >>> and ahead of today's parliamentary hearing, italy's economic mip sister takes grilli takes center stage. >>> all right. reunited. back together. >> so nice. >> you know that song? >> i sang that to you the last time. we've had a couple of reunions and a series of time spent apart. >> how are things sthp. >> they are great here. how was davos? >> so far, gone, in the distant memory. don't worry about it for another year. plenty to worry about today, though. >> korea. >> on today's show, plenty of good stuff coming up. we're going to be in madrid as the prime minister is reportedly releasing a plan to relief some of the pain of austerity. >> then it's south korean steel giant posco reporting quarterly earnings today. we'll have the latest live from seoul at 10:15. and it's day one of the fomc meeting. economists are awaiting more clues from the stimulus program. we'll be live in n
the dollar. concern about the strength of the euro overall could be a threat. undercurrent to the u.s., which looks like to be a negative one. >> the big macro, everything out of japan, not so great. but the united states banking story, i think, is as you mentioned, carl, is it a real u.s. economy, what is the read on it. people are doing better. and this is a section that was terrifically performing in the s&p last year. and you could argue, wait a second, it's run ahead. but it's not selling off today. i thought people thought it would sell off. we're not getting that kind of judgment. >> a lot of up moves on the back of goldman sachs earnings. take a look at the financials. [ bell ringing ] >> taking a look at the open here. no surprise. oh, look, apple is higher by 1.9% in today's session. helping the nasdaq in an up trend. cutting apple to set to perform. a lot of the reasons we heard before, but apple will have bottomed, either yesterday, or today. calling the bottom in shares of apple. remember, on the way up, in september, they're worried about the impending pop on apple. making the m
prices this week, tle say that really when we look at it in terms of euros, we look at extreme weakness in the gold market here, down about 1.5% so far this week. even with the strength we have seen in the euros. that lets you know there is still some weakness here in the gold market. we are seeing profit taking pretty much across the board in metals complex. but another factor that may be contributing to the fact that we are seeing some weakness in gold is that traders are favoring platinum particularly this week going into 2013. looking at the white industrial metals as the place to be in really helping to supply hopefully create a rally that will continue for the next several months. back to you. >> thanks, sharon. rick santelli is tracking at the cme. we see the yield curve on the 30-year can be how are they doing today, ricky? >> this goes to the point. everyone is concerned if you are thinking rates aren't going up because they have. but they haven't really gotten traction at critical levels. so you look at one-week chart of everything. last week we closed at 109 and a 10 and yes
. on the currency markets, euro/dollar, the euro has been up to 30-month highs against the swiss franc. trying to crawl back some gains. dollar/yen, 88.84. today the yen is a little weaker today on japanese reports minister's saying he was regretful his comments will be misinterpreted. aussie/dollar, 1.0517. we begin to focus on what's going on in rio. let's bring you up to speed with the rest of the news out of asia. li sixuan joins us for the first time out of singapore. >> thank you, ross. asian markets finished on a difficult note. the shanghai composite lost about 1% today, extending losses for the second day after krit swiss downgraded china life. the hang seng ending lower by a touch. no curbs were introduced by the executive yesterday. taiwan's taex is down over 1% led by technology shares. tsmc shares ended a touch higher before its results of announce wantme wantments. it posted a 32% jump meeting forecasts. but the company expects q1 revenue to fall due to seasonal factors. elsewhere, the nikkei is finished just a tap higher. sharp shares jumped over 7% on the back of tv joint ventu
long. euro/dollar, who cares about that one today? let's talk more about china. we'll head out to hong kong for in-depth analysis. intel giving investors the jitters with a disappointing forecast and a massive increase in capital spending. we'll look at those figures just after 10:20 central european time. 16 minutes later, we'll head out to bangor to talk to the ceo of wipro. >>> and the hostage crisis continues in algeria. we'll have the latest news right after the break. stay with us. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> welcome back to the program. a spokesman for the british foreign office says the uk government has received no words that the hostage crisis in algeria is over. most of the reports suggests dozens might have been killed during a rescue operation carried out
policy response generally to the european union, the euro project, i should say. we have the euro group separately meeting. we have this little issue of cypress. in terms of gdp, it's little. politically, though, it could be much more significant. tie this altogether for us. how important is an essential change of power in germany to these continued effort to resolve the crisis in cypress or other member states? >> i think the key issue is that germany is a big importer from spain, italy and the periphery. if the german numbers weaken, we'll see that later in a periphery. >> especially through spain. >> ultimately, this is really an economic story. the periphery are a lagging indicator of what's going on in germany. my concern is sooner or later, these peripheral equity may start to be under pressure again. what are your positions on debt? >> i think at this stage we're still comfortable with the core. the reason, there's probably another risk off take his. whatever the reason behind it, it tends to protect the periphery, not the core. for example, france continues to perform very, very
of the euro currency. boy, we went from basically trading a 133, now to trading 131, and today is a big down day. one market that actually is getting a little bit of a breath, but nothing on the scale of what the dollar and some of the other currencies are gaining on the euro, the dollar/yen. the yen has improved marginally today. but we're still on 87 handle on the dollar versus the yen. you want to pay attention to foreign exchange. we still have some other data today. the minutes we'll get later will be scrutinized, especially considering, you know, federal reserve and how it figures into a post-cliff presealing debate. >> i'm glad you brought up the euro. dennis gartman did that earlier this morning and we didn't talk about it at the time. what do you think is happening? why has the euro turned around here? >> well, to me, i think that what the euro represents, or what the relationship between the euro and other currencies represent continues to be exaggerated by shifts in the ultimate dynamics of trying to score the economy. then you had in the big position growth that we've seen, and t
think germany has done what was necessary to al w allow -- to make it clear that the euro is here to stay, and that's been a tremendous relief for the markets. so calm has returned. the european banking system, the interbank market, has revived so there's a general sense of let's say almost euphoria that the crisis is over. i think that is somewhat premature. because the fundamental internal inconsistencies in the dis-tim have not been addressed, and actually, therefore, you face political dangers. the euro is transforming the european union into something very different from the original conception which was a voluntary association of equal states, and instead of that, the financial created a two-class system where the euro, the creditors and debtors and the creditors are in charge. the political situation i think is going to get worse. i think the next year, next two years perhaps, are going to be very cuffy if the european union survives forever. i don't think europe can live politically with are a situation where there's are a center, namely germany, and countries like italy a
, disappointing industrial production numbers in spain and the uk. but the euro is at a nine-month high this morning. we begin with the s&p, a five-year high. a lot riding on bank earnings. the report's not perfect. american express joining the list of financials that are cutting jobs. >>> best buy's troubles continue. they're not the only retailer under pressure this morning. jcpenney capping a bad week. >>> boeing under official view as a probe is taken on the plane. a cracked inshield and oil leak. >>> remember a cheaper iphone? a top apple executive said forget it. the company continues to focus on china. >>> we'll kick off with wells fargo, kicking off q4 results. the lending business came in a little bit lower than many analysts expecting. the numbers coming out after american express announced plans to cut 5,400 jobs and the s&p closed at fresh five-year highs. jim, it's been said, wfc, probably the most important report of the week. what kind of grade do we give it? >> the whisper was they weren't going to do this anyway. i don't know anyone would think they would -- people were
, the euro, we should note, is hitting 11-month highs against the u.s. dollar. marginal changes on a percentage basis. a road map this morning starts off with apple. even more doubts about the demand for the iphone 5 sending shares below. >> did you see your paycheck on friday? the payroll tax hike obviously kicking in for many americans. felt like a pay cut. will this be a temporary shock or a headwind as stocks hover at five-year highs. >> ubs achoirs tnt after a commission throws up road blocks. >>> to the top story. in the pre-market, we've seen apple shares fall below $500 for the first time in 11 months. the tech giant has cut its orders for iphone 5 components because of weaker than expected demands. screen orders for january to march quarter have fallen about half. the company had planned to order. apple said to cut orders for components other than screens. now, jim, we've had sort of this concern about demand for the iphone 5. i think last week when deutsche bank came out with the note from the japanese team, specifically citing this very issue, that's when the concerns
about? >> yeah. it was guilts. booms also going. the dollar, $1.33 verse you the euro and 88 on the yen. finally, gold was up significantly yesterday. it's falling back a little today, down about four points. >>> now time for the global markets report. ross westgate standing by in london. mr. westgate, how are you this morning? >> hey. we're good. thanks very much. as you just saw joe point out, softer here. we have bounced off the session low a short while ago. and the german economics ministry talking about the forecasts for germany, as well. just helping us bounce off that primarily, saying, yes, we've had a weak fourth quarter. will be weak at the beginning of the year. they're expecting a much stronger rebound toward the end of 2013. so the footse 100 was down .5, currently down .3. down .3 for the xetera dax, down .1 as is the french market, ibex down .3%. the euro/dollar, we had an interview with ewald nowotny, the austrian central bank governor. member of the ecb governing council, as well. you see the spike -- we had the session chart, what i was looking for. you would have see
at these levels. >> beeks? >> no! >> i tell you, one of the strongest currencies out there is the euro right now. i still like it. above 135, especially fxe, your etf. >> thank you so much for watching. see you tomorrow, 9:00 a.m. "squawk on the street." back here again at 5:00 for more "fast money." don't go anywhere. "mad money" with jim cramer starts right now. launch. ""mad money"" starts right now. >>> i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts. they're nuts. they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to help you make a little money. my job isn't just to entertain but to teach you. call me at 1-800-743-cnbc. the dow jones average is just a stone's throw from 14,000. headed to its all time high that we reached five years ago. the index which rallied 72 po t points nasdaq 52.2% is in rare territory for certain. yet the
worried about the euro, the fiscal cliff, saw it as a safe currency. with the rest of the world stabilizing everyone's looking at the u.k.'s underlying fundamentals, no growth, lack of competitiveness, banks talking about weaker sterling. sterling looks vulnerable. >> what happens with the government's finances? the ocd's come out said public spending for 2012, 49% of gdp. it was 49.6% 2011. it was supposed to go down, it went up. >> the gdp numbers were much weaker than expected. we thought there would be a decent recovery in activity. it's than public spending overshot, it's that gdp has undershot. from the ratio point of view you've ended up with a higher level of public spending. >> when you talk it weakness in sterling, what is hsbc saying -- >> against 1.8150. not a huge fall but sterling is one of the weakest of the -- generally soft currencies over the next few months. >> before you go, let's move away from the u.k. just give us your -- your general view of how 2013's going to shape out on a global economy. >> it's a great rotation in the sense that i think we'll see a d
coming in stronger in the real star here. the euro topping 135 for the first time since april 2010. and strengthening even more after the gdp release. overnight in iasia, the nikkei p from 2010. the road map starts with the markets. today may be the day some milestones are hit. we're just about 2% away from dow 14,000. a level we have not traded above since october 17th, 2007. the s&p 500 less than 4% below its october '07 record high. can the bulls overcome the news of the surprise contraction in gdp. >> anticipation building, at least certainly here for research in motion. that being the blackberry 10, will it be enough to sustain the run. we'll take a look. >> amazon shares rocketing higher this morning. investors looking past the revenue and weak guidance, focusing instead on the gains in operating in gross margins. shares are set to open at record highs. >> look at chesapeakchesapeake,d of directors announcing the founder retiring in april. >> we do begin with a stunning gdp report. the economy contracted to 0.1% in the fourth quarter. first decline since 2009. this as we rema
. we have to grow profitably, jim. >> right. >> if you look at our revenues, we report in euros, but i'll give you round numbers in dollars. we're over a $20 billion u.s. software company. we're delivering much more than $5.5 billion in profit. so the company has to grow profitably. most importantly, though, we want to focus on the customer. if we can have the users of our technology love us, we'll reach the 1 billion users by 2015. we'll be a greater than 20 billion euro software company which is somewhere closer to $30 billion. and that 35% operating margin so we deliver a lot of flow through to shareholders. this is who we are. profitable revenue growth driven by customer innovation, it is all about winning for the customer. >> you've also tapped in -- i've been trying to figure out ever since i heard it on the intel call how to make money off the tablet, which is the phone and the tablet. you guys have figured it out. >> our big idea is to be device agnostic. so all the devices are supported by -- >> you don't care. >> it's all good. >> samsung -- >> it's all good. we want to run b
europe, having exposure to the currency, i have exposure to the euro, for a reason, is that i want -- i don't like the fact that we have twice the deficit that europe has. >> right. >> you hear a lot of bad press about europe but europe has a deficit and i want to be exposed to the euro. mostly because i think that the policies of the federal reserve is identical to those of european central bank and euro has been doing very well. and i think, i smell, everybody is bearish on something. but the story doesn't match the numbers. >> bob pisani, good to see you again. in the 2008 crash, is risk in your opinion still underpriced. and if it is, how do you explain to people to protect themselves? >> unless people have been burned, you can't convince them to get protected. and tail risks have traditionally been cheap depending on which tail. and what people fail to understand is that owning tail protection allows me to take risk elsewhere. it is not like what i spend on the tail is the overall package. it is very favorable when you have equities more attractive than bonds and other things. you
are moving a bit lower today. forex, the euro/dollar is one to watch, up 0.1% today. 1.3330. people are talking about how the ltr payment amounts to tightening. the question then becomes for some of the weaker economies whether it's too strong. dollar/yen moving up today. the yen is weakening by about 0.1%. fitch is saying british banks could need more capital. this has certainly been a theme. something, in fact, out in davos. ross, maria and everyone has been asking banks do they play to raise more capital? ross, what do they have to say about that? >> well, look, there's a lot of folks. what was interesting is when we spoke to the barclay's ceo mr. jenkins this morning said the whole industry when they were growing revenues didn't have to worry too much about costs. now they have to focus on the cost side of the business, which we know they're going to have a transformal plan and that's what they're going to be doing, as well. . capital requirements, how much capital is right when you're still going through periods of contracting growth because, obviously, the higher capital you h
. the currency markets, open for trading for a lot longer today than stocks. the euro is still below 133, the recent high. it's interesting to see that the risk-on currencies are a bit to the upside. >> watch gold, too. i think gold, 12th year of good performance. >> yes. >> i would emphasize gold should be part of people's portfolios. >> while i don't disagree with you, because i've been wrong on gold two years in a row, silver better performer last year than gold. >> numbers are numbers. i find that the gld is just a very, you know, good way, i hope it goes down, the rest of your portfolio goes up. but remember, in the last 12 years we've had deflation, inflation, good control, bad control, but gold is steady because gold is in short supply in the world. >> i thought we were being positive. i'm optimistic for the next year or so. ten years out, different story. oil prices, right? while they've gone up in the last couple weeks, gas prices are down. >> gasoline. >> gasoline. and nat gas remains fairly low. >> nat gas at four-month lows right now. >> let's not underestimate the extra mone
. quick check of currencies, the euro/dollar the focus of a debate this morning on "worldwide exchange." a lot of people saying not so fast if you think that the rising dollar in tandem with rising risk is going to be a theme of the year. today we're seeing the euro/dollar give up .1% to 1. 1.3069. and the dollar/yen after reports out of japan saying there will be coordination between the bank of japan and fiscal authorities to try and get to the 2% inflation target. nothing too concrete. again, the proof will be in the poudre figure i can use a -- in the pudding if i can use a popular phrase this side of the bond. back to you. >> kelly services. i like that -- talent. talent, kelly. >> talent at work. >> talent at work. thanks. >>> coming up, the nation's biggest banks preparing to post quarterly results in the coming days. the inside line next. >>> first as we head to break, a look at yesterday's winners and losers. at 1:45, the a >>> that's hard. >> you stink. the wing and a fractured beak.o surgery was successful, but he will be in a cast until it is fully healed, possibly several
of the euro and to some degree make monetary policy tighter over here. we can quickly look at the bond space. italy did go to auction as we continue to see reasonable demand for peripheral debt. the paper is selling off a little bit, but still 4.17%. investors showed up to bid on the two-year zero coupon and the five-year inflankz flagz linked bond. italy and spain continue to front load. forex, though, telling you more of this story, which is that interestingly fluff, we're seeing kind of a risk off attitu attitude. the same has been the case for loony, which now people are starting to talk about in parity with the u.s. dollar. the dollar/yen, down about 0.3% to 90.62. the euro/dollar, 1.3446. so even though it's difficult, the u.s. dollar, guys, has been performing a little better over the last couple of weeks helped by renewed growth prospects. it's one reason why a lot of people are focused on the see kweter, that chatter over the weekend about it happening could put more pressure on the greenback. back to you guys. >> kelly, thanks so much. next time, you should fly over. >> what happen
at the pound side. let's look at the euro versus the pound. as you see on this chart, pound's getting hit pretty hard. this is a 13-month low on the pound. let's switch around some of these controls trades. look how fascinating this is. let's not pare that losing pound to the pound/yen. pound/yen is at 31-month highs. if we look at the euro/yen, it's at 21-month highs. if we look at the dollar/yen, it's a 31-month high. even though the pound is having a tough time against the eurozone, everybody's having a party against the yen. these cross trades have been one of the biggest surprises to many for 2013 thus far. and it hasn't taken long. the other thing, of course, durables today is one of the reasons we're up several basis points, again, along with stocks. but if you look at the proxy for capital spending, up only .2% for the month of december. that was a little disappointing and maybe one of the more important components of today's durable series. jim, back to you. >> thank you, rick. let's check out the latest news in energy. sharon? >> the fact that hess is exiting the refining busine
. >> thank you very much. what will it mean for the euro if the ecb cuts interest rates at 8:00 a.m. tomorrow morning? good morning. positioning for a cut? >> i'm positioning short. but i don't think they're going to cut this time around. there's so many reasons for the ecb to want to cut rates. i think we're looking at an actual cut three months out. german economic data has been pretty weak. i feel like that the position for euro wants to go to the downside. we saw poor german data, obviously the core of the european union. and the reason the ecb hasn't let the euro go. i think they're going to prep the markets next time for a cut. >> what are your levels? >> well, 131.20 was interesting. a level we tried to break through all fall. we finally got above it. now the market in the technicals should be support. it didn't hold the support. you want to go short the euro. >> are you a dollar bull overall? are you getting behind other trades on the basis that the greenback could go higher, higher interest rates in america? >> absolutely, simon. the dollar has this underlying bid ever since the fed
rose to 11.18% in november. that is a euro area high. if you move forward into decent, you can see the aumt of prices. they're prizing in some easing from the central bank down the road. quick look at what is happening at the bond curve. 5.1, just under 5.1%. the spanish treasury outlining the funds you will need for 2013. you can expect they're going to take as many advantage of these conditions as possible. italy, 4.3% on the ten-year. the gilt yield, above 2%. we will explore what's happening with growth going forward. slipping over now to currencies, here is what we've seen some interesting moves. may not look like much this morning. the euro/dollar is roughly flat. but the dollar/yen moving down by about .3%. it was really actually some support from the euro that came from comments out of japan. japan will be investing, bonds buying in the esm. that is an order to indicate some level of support for the eurozone project. but it also works to help, yes, weaken the yen. on that note, back over to you. >> it's always about the yen. kelly evans in london. the can. thank you. >> we'
? >> pmi, the best rating in a while. the euro weakening against the u.s. dollar, watch thanksgiving yesterday, continues to trend today. there is a bid to safety in today's session. i hate to use that phrase you to put it simply, the safe havens out there as we are staring down the barrel dealing with the debt ceiling and spending cuts. >> i thought they would have a tailwind rather than a headwind on currency. not in sync with a bullish picture, got to understand that one of the great reasons we have been able to have a good run, the dollar getting weaker. and also, unless people are short today, i know people are short, nordstrom's very heavily, short target, short gap, that is the only thing really going up. the mean time, i keep pointing out these dollar stores, they are horrendous today. family dollar really terrible. >> family dollar down 12%. >> you have nordstrom going higher, family dollar going lower, people felt that maybe the dollar stores would catch a bid and nordstrom would have weakness because of the high-end consumer being worried that clearly has not been the case
's a couple of things. he said the victory lap. he said we relaunched the euro in 2012. a lot of talk with chris at this teen legarde in europe today. 2015, talking about this growth in the back half. i think draghi's intentions today were not to mess things up. the general feeling here is that what the ecb has done with the current situation, perhaps created the underlying conditions for growth. >> i hosted a dinner with christine legarde last night. one of the things that came up mario draghi said this morning that maybe we have good fall back into a problem again. >> well, that's a good question. but what we're hearing is this new buzz phrase out of davos, which is gsp. >> what is that? >> global stability put. i think larry summers may have been the one to coin this phrase. i heard it this morning when i met with a bunch of central bankers at a breakfast this morning. this phrase keeps coming up. the idea you have japan, you have the european central bank and you now have the fed obviously full throttle on monetary policy, underpinning and, you know, we meet here now in davos, the
look at the euro versus the dollars, wow, euro is screaming today. you look at the euro/yen, that's screaming as well. the dollar/yen is screaming as well. so the dynamic of the yen continuing to be under pressure. will this be a huge move? many think, if you talk to some of the japanese officials, they're say it's just getting back to a reality after the end was pretty much decimated about a year ago with respect to too strong relative to the other currencies. no matter how you slice it, all that meats is where we are now and where we're going in the future. >> thank you we'll find out the latest movements in energy. sharon, take it over. >> it's all about algeria. a lot of traders are paying attention to the ongoing hostage situation at the gas field where islamist militants had attacked that facility and still holding some folks hostage there. we have learned from the algerian news agency that about 45 hostages, including some americans had escaped the complex, but still bp is confirming that the situation remains unresolved. it tellses it has confirmation that five of its empl
to the opening bell. we're watching also outside of equities a big move in the euro u.s. dollar up 1%, which is a huge move for the currency markets. we're also watching oil. oil also up by about a percent or so on the back of the very good china export data that came in overnight. >> nigerian barges out there with huge cargos as i'm trying to rationalize how is it that o oil -- we're paying so much for gasoline. >> mineral exploration company based in vancouver. owner and operator of fitness clubs in the northeast. up pretty much across the board. just jumping out at me, intel, hewlett-packard and dell still stringing together pretty nice gains. hugh let hewlett-packard up. very fascinating report out yesterday, we had tony on last night on fast talking about the sum of the parts analysis. if hp breaks up or just realized to its full potential under meg whitman, $29 a share is what he's pegging some of the parts analysis at. >> when you pronounce something dead, whether sprint versus verizon and at&t versus clearwire, what we discover is there's a resilience even to companies that we basica
's something that has been off on the equity markets. positive comments, relinch aunc the euro. >> i remember when euro was in the last debt gross. wrong. >> great britain, uk, still eurozone. >> a lot of commotion down here. we look at the live feed from davos, switzerland. >> they're not happy. [ bell ringing ] >> at the nasdaq, starz celebrating its spin-off from liberty media. >> there's speculation about starz. but when i talked to a number of people who run various media companies, it might have been considered as buyers of that. they're saying, not me, check with that guy, and he said, not me, check with that other guy. we'll see if there's a potential acquirer of starz. >> netflix yesterday in the conference call, hastings was saying the great cable channels need us. you can't just jump in. before "breaking bad" you need a stream. >> netflix stepped in where starz has stepped out. >> s&p gainers for the year, netflix number one. >> is that true? >> up almost 59%. number two. best buy, number three dell, if you can believe that. >> name me three stocks that have come back from the dead
auction where in their first big debt aukz of the year, they're 5.8 billion euros above their 5 billion target. here is what's happening across the curve in bond markets in europe. the spanish ten-year, 4.99%. in italy, 4.17%. the bund, meanwhile, about 1.5%. gilt just over 2%. the interesting point here, guys, is that part of the reason why this is we're waiting on the ecb's latest decision. they're not going to need to do much more if current market conditions prevail. this is a pretty good way for them to start. so that auction going well, spanish yields coming into euro. if i can give you a sense of what's happening in other markets, the euro is higher. european equities for the most part as you're looking there are mixed to flat. but here is a look at what's been grabbing our attention. up .3% to 1.31. that i just want to bring your attention to. the all of points down there, you're looking at the dollar/yen. that's the other major story that we continue to follow. 88 was the level breached in trade today as the yen continues to weaken by the dollar by .is 3%. we'll wait to see if
the race to the bottom in the currency markets. the euro is at an 11-month high against the dollar and the yen is scheduled to move lower if the bank of japan wants its way, and a lot of people are saying that could benefit gold in a big way which is starting to move higher again. what do you make of the currency wars going on right now? >> i think they are going to heat up and the central players where it heats up will be between germans and the japanese over exports of cars, but i agree with you, and i also think that if we look at how they are going to develop in the near term, i would think that the trigger for that will be when the dollar/yen, for example, gets above 90 and the euro/yen significant levels, and real quickly i've had a lot of e-mails about problems with our bills, but not the ones that you think. t-bills. at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and ma
the euro to borrow a tremendous amount of money using the german balance sheet and we're doing the same thing, abusing our world's reserve currency status, and when that ends, it's going to be very painful. >> the music hasn't stopped. the cash is still flowing so markets will go higher. >> you're right. >> all right. we've got to go at this point. i'm not sure we solved anything, but it was fun somehow. >> we did better than congress. >> that's true. >> at least we didn't curse. >> no f-bombs here at least. see you later. stocks kick off the year on a high note thanks in last part to last night's 11th-hour tax deal in congress. checking with bertha coombs for today's leaders and laggards. >> bill, a day for notable milestones. the dow starting the year up over 2% for only the tenth time in 100 years, the nasdaq's best one-day gain in over 15 months, the s&p starting the year with a sizable gain for the fifth straight year. that's never happened and the russell 2000 hitting a new all-time high. zipcar was the russell's biggest percentage gainer on a $500 million cash deal to be acquired
.s. this was really a global move. the euro, though, fell off a mini cliff of its own. a little more detail coming up. >> we'll see kelly evans in just a bit. here's another big story brewing. >> reporter: a brutal political battle today over hurricane sandy aid for hard-hit new york and new jersey. i'll bring you all the tough rhetoric when we come back. >>> and yet another big story brewing for tomorrow. john boehner, he could be facing a real challenge for his job speaker of the house. ace acosta is all over this story. "the kudlow report" begins right now. >>> back to the rally on the streets today. that is the total sizzle story. check out these numbers. in case you missed it, dow added 308 points. nasdaq up 93. s&p 500 surging 36. cnbc's kelly evans joins us with all the details. good evening, kelly. >> larry, good evening, from down here at the stock exchange where you practically would expect streamers and champagne. the kind of day we had to put in in context, the likes of bill gross saying he sees stocks up 5% for the year, we did 60% of that in the first trading day. a lot of people are po
, the euro/dollar. the moves there off the ecb -- >> what? >> rick. >> look at the dollar index. >> can't hear anybody if everybody is talking on top of everybody else. >> talk about the currency market. that's really telling today, too, off the ecb stuff. >> off the ecb, off the monetary policy committee of the bank of england. the pound is up dramatically. the euro is up dramatically, and even though we're still all rallying against the yen, this is one of the biggest drops net day over day in the dollar index i can remember in a while. it's getting close to a whole cent drop. that's pretty big. >> let me get to gordon. we're seeing a real move up in the final hour. what are you seeing in terms of flow? where is the money moving, and who is buying? >> seeing institutional, again, across all sectors. the important thing is we're starting to see it in the financials which to me is the bellwether of this thing being a real bull move here to the upside, because behind financials you know that housing is going to be behind that, and that's going to be one of the things that we've been wait
the euro. this is a -- quite a currenty. >> you said moments ago marks go up and down. >> yes. >> dollar goes up and down and stocks go up and down. >> yes. >> and yet you say you will never stop buying gold. what's that strategy? doesn't gold up and down, too? >> i want to tell you something about gold, maria. because i'm fearful that we will have a systemic crisis and supports and so on so i'm gig gold because i feel fearful. you don't own any gold and you are in danger because you don't own any gold >> you don't know that i don't own any gold. >> guilty as charged, let me get your take. >> you don't look like the gold owner. >> yes, and you have a golden personality. >> i like that, marc. what about stocks here? where's the low-hanging fruit in terms of the stocks that will lead this decline? you don't like apple very much. where's the -- that leads the market lower. >> i think urkian stocks are very low. i think vietnam is inexpensive. i think chinese stocks are rell civil inexpensive. >> you think i should sell all my u.s. holdings and buy ukranian stocks? >> maybe? >> really. >> ye
Search Results 0 to 49 of about 90